Investing.com - Pirelli & C reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Pirelli & C announced earnings per share of €0.05 on revenue of €1.26B. Analysts polled by Investing.com anticipated EPS of €0.05 on revenue of €1.23B.
Pirelli & C shares are down 21% from the beginning of the year, still down 27.90% from its 52 week high of €5.57 set on November 12, 2019. They are under-performing the STOXX 600 which is down 7.34% from the start of the year.
Pirelli & C follows other major Consumer Cyclical sector earnings this month
Pirelli & C's report follows an earnings beat by Fiat on October 28, who reported EPS of €0.97 on revenue of €25.81B, compared to forecasts EPS of €0.42 on revenue of €25.08B.
Moncler SpA had matched expectations on October 22 with third quarter EPS of €0.16 on revenue of €361.8M, compared to forecast for EPS of €0.16 on revenue of €341.37M.
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